Correlation between DXY and BTC. IMO Bitcoin has a high inverse correlation to the US Dollar Index (DXY) which conceptually makes sense as it is of fixed supply and most commonly traded against the US Dollar more than any other currency. NFA
Dow Jones trading in a range, a breakout will determine further market movement. Whereas Indian markets have broken the #trend today by making a new higher low. Having a bullish bias for the upcoming week.
next ==> some people called recession upcoming and what about other countries dxyusd other country will have problem for (iT side), agriculture country's are will be safe( they had not food crisis, but food price fluctuating) this all so reason ( us data)
US Dollar MOst Probable MOve US Dollar MOst Probable MOve
DXY is in a large expanding megaphone pattern. If it holds true, top out and some relief comes in around 114 ( BLUE BOX )
My today's analysis deals with the fact that it could coming to an end with the correcting, and a further rise in the DXY is in front of us. > We traders know that no one can predict the future and that is exactly why you have to be prepared for all initial situations. > If the DXY should rise again, it means "BLOOD" for the traditional and crypto markets. >...
Btc Looks ready to 14 To 14.5k Area We Can expect Bounce From Lower Line Of falling Wedge We Dont Have Any reason On Chart to Buy Btc
EURUSD has finally completed its long correction upside. The ending diagonal is also completing and price reversal is expected from this level. For adding shorts, the stop loss can be used at the previous high (wick). We can see impulsive move downwards in the coming week to finish its bearish sequence.
TVC:DXY has taken weekly support which is strong and is in parallel channel, it can give a parallel channel breakout and reach first target zone in coming week or 2.
This analysis shows the whole downside as a corrective move. And the ongoing ending diagonal confirms a reversal to more upside. The invalidation level remains at the previous low, and above that the upside remains a likely move. The Fed's Interest rate decision could trigger the strong move breaking the structure. Price breaking the previous low (Invalidation...
USDCHF BEARISH TRIANGLE Note: All ideas forecasts are my personal views on the market, I share these ideas for free, and you're free to share my profile link with your friends, please do not use my Idea without credit. I post and share for educational purposes hence no idea we publish should be considered an investment advice. I mostly share ideas with more...
Dollar Index $DXY breaking down inverse head and shoulder and a support resistance polarity level (105 trendline marked) Inverse effect already visible in $Gold and $Silver
H&S has been formed already and in our previous analysis we made this clear, again the neckline of the H&S was broken which we previously traded it on retest. After this retest we expect the price it's low now however there were a raising trendline acting as support below after retest, if bears have the energy to push down then we'll reach the target of next...
Dxy should fall to test 104-102. Only close abv 111 will start fresh upward journey. Negative divergence is visible on RSI. Disc : Do your research before taking decision based on information published here
TVC:DXY Finally confirms it's Bearish Reversal By Breaking down the prolong Uptrend. Now we can expect long term downtrend in DOLLAR to Resume. It's Highly Bullish for Stocks, Commodities, Precious Metals, Paired Currencies and Cryptocurrencies.
Multiple harmonic pattern matures around same support levels. 106-105 might act as strong support zone for this fall,, from where reversal can be seen view gets violated below 103.7 on daily closing basis upside Dxy might give upmove to levels of 109-111-113
Dollar dominates the whole market We clearly see that DXY should start to fall from 114.0 to 109.0 Current Market Price is 113.45 This indicates that eurusd, gbpusd, audusd, nzdusd should go up Be ready to book good profit in coming weeks Sell DXY from 113.50 to 114.0 Stop Loss = 115.20 Take Profit = 109.0 - 108.0
Despite the fact EU trading in correction, I've spotted an area where traders should pay attention to, the price has already tested the major resistance level between Aug-Sep. Consider below reasons for selling market. 1. EURUSD is now trading below 50% and 61.8 fib ret. This is clear indication that EUR could continue trading low against Cable. 2. Another...